Etsy

E-commerce platform

Brooklyn, New York

United States

etsy.com

About Etsy

Etsy is the marketplace we make together. Etsy's mission is to reimagine commerce in ways that build a more lasting and fulfilling world. As of January 2014, Etsy has 40 million members and over 1 million active shops in 200 countries. In 2013, their sellers grossed more than $1.35 billion in sales.

Etsy's Values:

  • We are a mindful, transparent, and humane business.
  • We plan and build for the long term.
  • We value craftsmanship in all we make.
  • We believe fun should be part of everything we do
  • We keep it real, always.

From its beginnings, Etsy has been a community-based company with a social mission. We became B Corp certified because we believe that business has a higher purpose, and companies like Etsy can and should operate both to succeed as a business and in service to the local and global commons. The B Corp assessment gives us a framework for how to sustainably operate long-term as we continue to grow and scale as a company.

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The Change We Seek®

Etsy's mission is to empower people to change the way the global economy works. They see a world in which very-very small businesses have much-much more sway in shaping the economy, local living economies are thriving everywhere, and people value authorship and provenance as much as price and convenience. Etsy is bringing heart to commerce and making the world more fair, more sustainable, and more fun.

What makes us a better company?

B Impact Report

Certified since: 

May 2012
Summary:

Company Score

Median Score*

Governance

Governance

The Governance section of the Assessment evaluates a company's accountability and transparency. The section focuses on the company's mission, stakeholder engagement, and overall transparency of the company's practices and policies.

17
10
Workers

Workers

The Worker section of the survey assesses the company's relationship with its workforce. This section measures how the company treats its workers through compensation, benefits, training, and ownership opportunities provided to workers. It also focuses on the overall work environment within the company through management/worker communication, job flexibility and corporate culture, and worker health and safety practices.

35
22
Community

Community

The Community section of the survey assesses a company's impact on its community. The Community section evaluates a company's supplier relations, diversity, and involvement in the local community. The section also measures the company's practices and policies around community service and charitable giving. In addition, this section includes if a company's product or service is designed to solve a social issue, including access to basic services, health, education, economic opportunity, arts, and increasing the flow of capital to purpose-driven enterprises.

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32
Environment

Environment

The Environment section of the Assessment evaluates a company's environmental performance through its facilities; materials, resource, and energy use; and emissions. Where applicable, it also considers a company's transportation/distribution channels and environmental impact of its supply chain. This section also measures whether a company's products or services are designed to solve an environmental issue, including products that aid in the provision of renewable energy, conserve resources, reduce waste, promote land/wildlife conservation, prevent toxic/hazardous substance or pollution, or educate, measure, or consult to solve environmental problems.

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9
Overall B Score
105
80

80 out of 200 is eligible for certification

*Of all businesses that have completed the B Impact Assessment

*Median scores will not add up to overall

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Company Highlights: 

Community: Core services support micro-businesses that make and sell handmade goods; job growth rate >15%; >20% management comes from previously excluded populations; 20 hrs of paid time offered for volunteering; charitable giving supports projects that train women and minorities on programming skills

Employees: All part-time, temporary workers receive at least 43% more than local living wage; >80% of health insurance premiums for employees and families covered; advanced benefits such as counseling services, health & wellness program, and dependent care flexible spending accounts offered; >100% employees have stock or stock options

Environment: Offer used bikes and maintenance service to encourage biking to work; conduct a third party energy audits; compost over 600lbs of food waste each month at local community farm; Implemented waste reduction programs with landlord; Use reclaimed/handcrafted office furniture

Governance: Engage with stakeholders (sellers) to solicit feedback on social performance; employees recieve weekly financial reports

 

Miscellany: 

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